Amazon snaps up Tesco exec Tony Hoggett to run stores worldwide July 9, 2021 Amazon today announced it has appointed Tony Hoggett, formerly one of Tesco’s top executives, to run its physical stores. Joining in January 2022, Hoggett will take on the role of senior vice president of physical stores and report to Dave Clark, chief executive of Amazon’s worldwide consumer business. He will be based in Seattle. Clark [...]
Branson and Bezos space race outruns insurers July 9, 2021 Billionaires Sir Richard Branson and Jeff Bezos are reportedly launching into space without insurance for injury or death. Brokers told the NYT’s Dealbook newsletter neither Branson or Bezos, or their respective companies Virgin Galactic and Blue Origin, have purchased liability insurance. This is most likely because there isn’t a fully functioning insurance system for casual [...]
Ex-Microsoft CEO Steve Ballmer becomes ninth member of $100bn club July 8, 2021 Former chief executive officer of tech giant Microsoft, Steve Ballmer, has become the world’s ninth person to join the coveted $100bn club. Now owning the NBA’s Los Angeles Clippers, Ballmer stepped down from the helm of Microsoft in 2014. The ex-tech giant boss has seen his wealth swell by $20.1bn this year alone, driven by [...]
Amazon accounts for a quarter of all UK online spending July 7, 2021 Amazon commands a sizeable chunk of all UK online spending, with more than a quarter of online purchases made via the ecommerce giant. A total 27 per cent of all UK online spending is via Amazon, according to data from ecommerce consultancy Wunderman Thompson Commerce. Last year, eMarketer forecasted that UK consumers will spend £141.33bn [...]
Life after Amazon: What’s next for Jeff Bezos? July 7, 2021 Jeff Bezos has stepped down as Amazon’s chief executive, 27 years after founding the company. Now, he’s moving on to the next phase in his life and it includes space travel. Watch the full report.
UK small businesses rack up £3.5bn in Amazon export sales July 7, 2021 Small and medium-sized British businesses selling on Amazon recorded over £3.5bn in export sales last year, according to figures released by the tech giant. Amazon said more than 14,000 UK SMEs surpassed £100,000 in sales in 2020, while over 1,000 reached £1m in sales for the first time. The top five categories in which customers [...]
US tech giants could face $28bn bill from global tax reforms July 5, 2021 US tech giants such as Google and Facebook could face a $28bn (£20bn) bill as part of radical plans to overhaul global corporation tax, new research has revealed. The Organisation for Economic Cooperation and Development (OECD) last week agreed on a new tax model to ensure companies pay tax in countries where they earn revenue, [...]
Jeff Bezos’s Amazon reign ends today exactly 27 years after he founded the company July 5, 2021 Jeff Bezos’s reign at Amazon ends today, exactly 27 years after he founded the company that changed the landscape of online retail forever. Bezos founded Amazon on this day in 1994 and in that time has seen it transform from an online retailer specialising in selling books into a global profit-churning e-commerce phenomenon. Read more: [...]
Amazon says sorry after telling London fishmonger to drop ‘prime day’ promo July 4, 2021 Amazon has apologised after sending a legal notice to a fishmonger demanding his chain of stores stop advertising “prime day” boat fish. Robin Moxon, who owns four shops and a fish smokery in London, received an email from lawyers acting on behalf of the online retail giant asking for references to “prime day” boat fish [...]
OECD: Ireland snubs global tax deal July 2, 2021 Ireland refused to sign a major agreement to overhaul the global corporation tax regime on Thursday. 130 countries and jurisdictions agreed to the deal brokered by the Organisation for Economic Cooperation and Development, which paves the way for sweeping international changes. The new regime will see a global tax for 100 of the world’s largest [...]